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European High Growth Opportunities Securitization Fund has requested its second conversion of notes from the second tranche

In accordance with the financial agreement announced by EcoRub through the press release of October 8th, 2018 EHGOSF has requested conversion of four notes from the second tranche.The first tranche was for 5 million SEK and divided into fifty notes. All these notes are converted into shares. The second tranche was for 2,5 million SEK and divided into twentyfive notes. Eight  notes has earlier been converted. Now four  will be converted into shares. The value of these notes are 400 000 SEK. The conversion price for the first trance is 93 % of the lowest closing VWAP of the shares during a

European High Growth Opportunities Securitization Fund has requested its first conversion of notes from the second tranche

In accordance with the financial agreement announced by EcoRub through the press release of October 8th, 2018 EHGOSF has requested conversion of eight  notes from the second tranche.The first tranche was for 5 million SEK and divided into fifty notes. All these notes are converted into shares. The second tranche was for 2,5 million SEK and divided into twentyfive notes. Eight  notes will now be converted into shares. The value of these notes are 800 000 SEK. The conversion price for the first trance is 93 % of the lowest closing VWAP of the shares during a period of fifteen trading days

European High Growth Opportunities Securitization Fund has requested its sixth conversion of notes

In accordance with the financial agreement announced by EcoRub through the press release of October 8th, 2018 EHGOSF has requested conversion of twentyfour notes. All notes are then converted.The first tranche was for 5 million SEK and divided into fifty notes. Twentysix of these notes have earliar been converted. Twentyfour notes will now be converted into shares.  All notes connected to the first tranche are then converted. The value of these notes are 2 400 000 SEK. The conversion price for the first trance is 95 % of the lowest closing VWAP of the shares during a period of fifteen

EcoRub prefrains ordering new tranches

The board meeting on Thursday 2019 01 31 decided that EcoRub shall not order more Tranches from Bracknor and EHGOSF.Bracknor and  European High Growth Opportunities Securitization Fund (”EHGOSF”) has the right to two more tranches each at the value of 5 MSEK each. The agreement with EHGOSF say that 10 MSEK shall fall out within 12 months from October 2018 of which 5 MSEK  already has fallen out. The agreement with Bracknor reaches to October 2020. EcoRub´s board has per 2019 01 31 decided that the company by its own will shall not order more tranches. EHGOSF has converted 26 of  50 notes

European High Growth Opportunities Securitization Fund has requested its fifth conversion of notes

In accordance with the financial agreement announced by EcoRub through the press release of October 8th, 2018 EHGOSF has requested conversion of five notes.The first tranche was for 5 million SEK and divided into fifty notes. Twentyone of these notes have earliar been converted. Five notes will now be converted into shares. The value of these notes are 500 000 SEK. The conversion price for the first trance is 95 % of the lowest closing VWAP of the shares during a period of fifteen trading days before the day of decision which was 2019 01 29. The price of the shares that will be converted is

European High Growth Opportunities Securitization Fund has requested its fourth conversion of notes

In accordance with the financial agreement announced by EcoRub through the press release of October 8th, 2018 EHGOSF has requested conversion of five notes.The first tranche was for 5 million SEK and divided into fifty notes. Sixteen of these notes have earliar been converted. Five notes will now be converted into shares. The value of these notes are 500 000 SEK. The conversion price for the first trance is 95 % of the lowest closing VWAP of the shares during a period of fifteen trading days before the day of decision which was 2019 01 17. The price of the shares that will be converted is 0,

European High Growth Opportunities Securitization Fund has requested its third conversion of notes

In accordance with the financial agreement announced by EcoRub through the press release of October 8th, 2018 EHGOSF has requested conversion of six notes.The first tranche was for 5 million SEK and divided into fifty notes. Ten of these notes have earliar been converted. Six notes will now be converted into shares. The value of these notes are 600 000 SEK. The conversion price for the first trance is 95 % of the lowest closing VWAP of the shares during a period of fifteen trading days before the day of decision which was 2019 01 09. The price of the shares that will be converted is 0,26

European High Growth Opportunities Securitization Fund has requested its second conversion of notes

In accordance with the financial agreement announced by EcoRub through the press release of October 8th, 2018 EHGOSF has requested conversion of eight notes.The first tranche was for 5 million SEK and divided into fifty notes. Two of these notes have earliar been converted. Eight notes will now be converted into shares. The value of these notes are 800 000 SEK. The conversion price for the first trance is 95 % of the lowest closing VWAP of the shares during a period of fifteen trading days before the day of decision which was 2018 12 21. The price of the shares that will be converted is 0,

European High Growth Opportunities Securitization Fund has requested its first conversion of notes

In accordance with the financial agreement announced by EcoRub through the press release of October 8th, 2018 EHGOSF has requested conversion of two notes.The first tranche was for 5 million SEK and divided into fifty notes. Two of these notes will now be converted into shares. The value of these notes are 200 000 SEK. The conversion price for the first trance is 95 % of the lowest closing VWAP of the shares during a period of fifteen trading days before the day of decision which was yesterday. The price of the shares that will be converted is 0,28 SEK. 200 000 SEK corresponds to 714 285

First tranche from European High Growth Opportunities Securitization Fund

First tranche from EHGOSF has been payed, in accordance with the financial agreement announced by EcoRub through the press release of October 8th, 2018.The tranche consists of warrents with warrants attached was 5 million SEK. This tranche must be converted into shares within 12 months. In connection with the tranche, warrants will be issued entitling the Investor to subscribe for class B shares of the Company, upon their exercise. It is 4 861 111 warrants to a price of 0,36 SEK. Should all warrants be exercised it would be a value of 1 750 000 SEK. The warrants have to be exercised, if

Share lending completed

As a part of the financial agreement four million shares of EcoRub B has been lended out.The agreement with European High Growth Opportunities Securitization Fund says that four million shares shall be lended out  for the duration of the agreement. That has been solved by board member Jens Malmgren who has lended out two million shares. CEO Åke Paulsson has lended out one million shares and Ulf Paulsson has lended out one million shares. The shares are lended out for the duration of the agreement.  Initially for 18 months  and can be prolonged on an yearly base. CEO Åke Paulsson has one

EcoRub AB enters into a financing agreement with European High Growth Opportunities Securitization Fund

EcoRub AB (publ) has entered into a financing agreement with European High Growth Opportunities Securitization Fund (the “Investor”), a Luxembourg fund advised by Alpha Blue Ocean Inc., regarding a financing solution based on the issuance of convertible bonds with warrants attached. The financing solution means that the Company is able, over a 18-month period, to receive up to SEK 20 million and potentially up to an additional SEK 7 million if all the warrants issued are exercised.EcoRub AB (the “Company”) has entered into the financing agreement in order to secure financing for the Company

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